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Goldstein Research analyst forecast the OTC consumer health product market size is set to reach USD 129.64 billion by 2025, at a CAGR of 3.1% over the forecast years and the main driver of this growth stems from prescription (Rx) drugs switching to OTC, especially in allergy care. Global sales of consumer health products reached USD 219.2 billion globally in 2017 i.e. 3% growth from 2016.<br><br>
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Global OTC Consumer Health Product Market Outlook Global OTC Consumer Health Product Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India Report Code :HC 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics • A fast growing market for wellness products such as health supplements and weight management products is luring traditional drug makers in India. • Some of India’s largest drug makers such as Sun Pharmaceuticals Industries Ltd, Dr Reddy’s Laboratories Ltd and Glenmark Pharmaceuticals Ltd are creating a portfolio of over-the-counter (OTC) products. • To be sure, multinational drug makers such as GlaxoSmithKline Plc and Johnson & Johnson Inc., have a firmer foothold in the market, but Indian drug firms have been more aggressive in recent times, looking to tap a market growing at 10-15% annually. • Download Exclusive Sample Report: • https://www.goldsteinresearch.com/request-sample/otc-consumer-health-products-market-global-analysis Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics Growth Drivers Growth Barriers Sample General Trend Highly Complex Moderately Complex Waived Emerging Markets Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics • For instance, Cipla Ltd spun off its consumer healthcare business into a joint venture subsidiary Cipla Health in 2015, while Lupin Ltd, which only has prescription medicines in its portfolio currently, has rolled out a pilot project for entering the OTC market. • However, the going won’t be easy because of the different market dynamics which resemble that of packaged consumer goods. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics • Impact Analysis:- • Growth across the various industries have direct impact on the demand of OTC Consumer Health Product and the technological innovations further drive the OTC Consumer Health Product market. • In Asia-Pacific, construction industry valued at USD XX billion and construction industry valued at USD XX billion. Over the forecast period (2016-2024) the growth of these two industry will have highest impact share on the OTC Consumer Health Product market. Sample Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Dynamics • Stringent government regulations related to environment has negatively impacted the growth of OTC Consumer Health Product market. • The degrading environment and its hazardous impact on living beings has compelled the economies to take strict actions. • Construction industry is estimated to have one of the major share in producing dust, smoke and other harmful chemicals into the environment of XX% in 2016. • Therefore in future restricted construction activities can lead to significant impact on the application of OTC Consumer Health Product. Sample Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Growth Drivers • Manufacturing industry also has negative impact on the environment, responsible for XX% share in the environmental pollution. • Being the large scale industry it is compelled to follow stricter environmental regulations and thus the technological research and developments are hindered. Sample Source: Goldstein Research Global OTC Consumer Health Product Market , By Global Construction Industry (USD Billions) Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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